HamHam, In regard to both post...I think we agree more so than thought.
I was saying that if they new #'s & business, they never would have gone public (if they could predict the future...I'm was agreeing with Deep Space saying that things change....especially when you are a niave professional athlete trying to become an executive....and at a very young age I might ad) Trust me on this....my business does NOT have one thing in common in with what it did 5 years ago (except for the name). Operations, advertising, corp structure, employee contracts, vendor/affiliate contracts, licenses, have all changed and it's also finally profitable. From the outside looking in it all looks, smells, and tastes the same,,,,but from the inside looking out you would think its 2 seperate industries.
I'm NOT saying because I pulled it off that they will for sure as well....just saying I relate and can understand how things change...and as I've said before I only work with 6 digits, not 7,8,9 digits...that's a whole new league.
In regards to the shipping....I was just giving "SOME"credit to the guess somebody made about UPS/FEDEX bills going unpaid. It's an educated guess based on the PR they made about back orders....It's also and just as likely didn't pay the producer for product to be made because they were still waiting for checks from the buyers that may be Net 30, net 60 , net 90??who knows??
What we do know is they have been CASH POOR (in every sense of the word). And they openly talked about it. They said we have back orders. They said we are getting rid of toxic debt. They can't fix evevrything overnight.
...and on the other side of the scope I do find it interesting as well that they are short shippinig fees if everyhing is drop shipped. My thought has been maybe they have been moving away from the drop-shipping to in-house, but I didn't want to go there untill there is more evidence to support this. I don't like being ridiculed for being an optomistic realist.
Finally, they have been following through with all PR's since Jan '12 and hope they continue to do so....and if they pull it off, that in itself is amazing,,,,thats a lot of CASH to revolve.
Have you done the math on $1million with a 10% margin when sales year over year increase by 400%. Thats huge and NOT an easy task...they've gotten this far and I like what they are saying in PR's and via the SEC...its as open of a conversation as possible.
